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RBI Approves Six-Month Extension for MD & CEO of Yes Bank

The Statesman Siliguri

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June 14, 2025

The Reserve Bank of India (RBI) has approved a six-month extension for the bank's Managing Director and CEO, Prashant Kumar, effective from 6 October 2025, or until a new MD & CEO is appointed—whichever is earlier—according to the bank's exchange filing.

- STATESMAN NEWS SERVICE

The extension comes as the Mumbai-based bank has launched the search for a new CEO and is engaging with global recruitment firms.

Kumar had received his first extension from the central bank in October 2022 for a three-year period, which meant that his term was to end in October 2025.

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